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Magic Leap, a startup focused on augmented reality technology, said it raised $542 million in funding from Google, Qualcomm and other venture capital investors. The company plans to use the funds to speed up the development of its products, develop software and content elements and commercialize its wearable computing system.

Los Angeles-based startup Daqri is touting a high-tech helmet for blue-collar workers that combines augmented reality and 4D. The helmet, which will begin shipping next month, includes cameras, a sensor package, native augmented reality software and Daqri's Intellitrack system that leverages precise display and tracking features.

Google aims to have the first smartphone designed as part of its Project Ara modular smartphone program on sale in January 2015. The so-called "gray phone" will cost around $50 to make and will be an entry-level phone, with prices determined by commerce partners.

Broadband subscribers may be able to find Wi-Fi hotspots with an "augmented reality" application that combines images captured from mobile devices with data detailing the strength of Wi-Fi access points, 4G networks and other wireless signals, according to a recent CableLabs patent application.

First it announced a project to build a modular smartphone, now it's launching a project to visually map the world with smartphones. Google's Advanced Technology and Projects group unveiled Project Tango, with the aim of using a prototype phone and the ingenuity of developers to use 3D scanning technology to build maps and models of physical locations.